Langham Hospitality Investments

Langham shares drop 9pc on debut

Lo Ka-shui (Left), chairman and non-executive director of Langham Hospitality Investments Limited

Langham Hospitality Investments, which operates three luxury hotels in Kowloon, started trading in a gloomy market weighed down by another heavy sell-off in Japan. The Nikkei 225 Index dropped 5.2 per cent as a strengthening yen triggered heavy profit-taking. The Hang Seng Index fell 0.31 per cent.

Friday, 31 May, 2013, 4:41am

Langham pitches unit price in mid-range

Langham Place Hotel Hong Kong

Langham Hospitality Investment, an investment trust being spun off by Great Eagle, will set its unit price in the middle of the indicated range to attract investors, analysts say.

24 May 2013 - 3:08am

Great Eagle begins public offering of units in Langham Hospitality trust

Lo Ka-shui, chairman of Great Eagle, says the company will be more aggressive in buying hotels and development sites. Photo: Felix Wong

The sale is expected to raise HK$3.96 billion to HK$4.57 billion. Great Eagle will control and own at least 51 per cent of the managers of the trust after the spin-off.

16 May 2013 - 3:53am

Yield the lure for Great Eagle hotels spin-off

Langham Place Hotel Hong Kong

The company, controlled by Lo Ka-shui, is taking advantage of investors' interest in high-yield products to hive off its three Hong Kong hotels into a business trust called the Langham Hospitality Investments Group.

2 May 2013 - 3:47am

HK$17.7b eyed in Great Eagle hotel spin-off

Occupancy at the Langham Place Hotel in Mong Kok was 89 per cent last year. Photo: SCMP

Great Eagle plans to spin off three hotels in Hong Kong worth a total of HK$17.75 billion as a hotel investment trust. The trust, Langham Hospitality Investments, yesterday revealed the details of the three hotels under its management.

30 Apr 2013 - 5:10am